4 staff of a personal financial institution, together with a department supervisor, have been arrested in Bulandshahr for allegedly collaborating with cybercriminals to siphon off ₹1.93 crore from dormant financial institution accounts, police mentioned on Tuesday.
Police recovered 20 cheque books, 14 passbooks, and seven ATM playing cards from the arrested people. (Sourced)
A dormant checking account is one which has had no exercise for an prolonged interval, sometimes 24 months or extra.
The police mentioned that the arrests had been made on Monday following a criticism filed on Might 18 by Mohd Aslam, a resident of Shastri Park in Meerut, who found that his dormant account had been fraudulently accessed. Aslam, who had opened the account in 2022 for his folding-bed enterprise and stopped utilizing it by December of that yr, mentioned he was alerted in April 2025 when unidentified people visited his previous handle, prompting his household to lift issues.
Upon checking, Aslam realized that the cell quantity linked to his account had been modified with out his consent and substantial transactions had been carried out.
An investigation by the cybercrime unit revealed that 4 financial institution staff, Balram alias Balle, Ankit Sharma, Jitendra Kumar alias Jeetu, and Shubham Kaushik, had been immediately concerned in offering confidential buyer particulars to scammers. The accused allegedly tampered with data to change cell numbers, reactivate dormant accounts, and allow unauthorised fund transfers.
Throughout the probe, police recovered 20 cheque books, 14 passbooks, and seven ATM playing cards from the arrested people. Officers say the group used cast know your buyer (KYC) paperwork and pretend written requests to replace cell numbers and procure new cheque books and ATM playing cards.
“These staffers acted as internal facilitators, ensuring the bank’s approval for changes in the dormant accounts and helping fraudsters gain control,” an investigating officer mentioned.
Throughout interrogation, the accused recognized two key masterminds, Naval Saini from Gurgaon (Haryana) and Devit Gautam from Malagarh village in Bulandshahr, who allegedly led the cyber fraud community. The gang focused dormant accounts of people who had relocated, handed away, or filed for closure.
Superintendent of police (Crime) Naresh Kumar confirmed the arrests and mentioned efforts are underway to hint and detain the three-remaining accused, together with the 2 masterminds. “Raids are being conducted at multiple locations. We are working to uncover the full extent of this organised fraud,” he mentioned.
The syndicate allegedly routed funds below the guise of trade-related transactions utilizing RTGS, NEFT, and UPI modes. The cash was then dispersed into accounts managed by their accomplices in numerous states, with the fraud community in a number of states, in response to police.